TotalEnergies, OQ make FID on Marsa LNG project in Oman

TotalEnergies, OQ make FID on Marsa LNG project in Oman

French oil and gas company TotalEnergies and Sultanate of Oman’s national oil company OQ have reached the Final Investment Decision (FID) for the Marsa LNG project.

TotalEnergies has signed an agreement with Oman LNG to offtake 0.8Mtpa of LNG for ten years from 2025, becoming one of the main offtakers of Oman LNG’s production.

Marsa LNG project will use 100% electricity supplied with solar power, where a 300MWp PV solar plant will be dedicated to power the LNG plant, reducing greenhouse gas emissions.

TotalEnergies chairman and CEO Patrick Pouyanné said: “We are proud to open a new chapter in our history in the Sultanate of Oman with the launch of the Marsa LNG project, together with our partner OQ, demonstrating our long-term commitment to the country.

“We are especially pleased to deploy the two pillars of our transition strategy, LNG and renewables, and thus support the Sultanate on a new scale in the sustainable development of its energy resources.

“This very innovative project illustrates our pioneer spirit and showcases the relevance of our integrated multi-energy strategy, with the ambition of being a responsible player in the energy transition. By paving the way for the next generation of very low emission LNG plants, Marsa LNG is contributing to making gas a long-term transition energy.”